When End-to-End Processes End in Frustration: P2P vs. Accounts Payable Invoice Automation (APIA)

If end-to-end P2P is a disruptive revolution for a business, many consider APIA a more manageable evolution. 

While automating the entire procure-to-pay (P2P) process will boost administrative efficiencies and reduce finance and procurement operation costs, for most organizations this represents a major business process transformation. Why? Because it involves so many different departments, groups and functions - from Purchasing to Treasury - it can be a large undertaking. The cost of such a huge transformation, measured in human hours, vendor delays, risks, and the money invested in the automation software, training, updates, and maintenance, is a burden many businesses are not able to bear.

Given the huge investment and the chance of failure, it only makes sense that companies are hesitant to take on a total P2P automation overhaul. The problem with explosive transformations is that, just like a bomb, they can be disruptive and even destructive.

The trend is now moving away from P2P automation and towards Accounts Payable Invoice Automation (APIA), because APIA provides robust change with a simplified transformation process, making it more likely it will be a success. Why is AP automation more likely to be successful? Because the investment is smaller, the ROI is faster, and the benefits are HUGE.

Download this white paper to learn: 

• Why the majority of transformation initiatives fail
• How to move from P2P to APIA and the megatrends contributing to its growth 
• How machine learning and artificial intelligence are transforming APIA 
• The steps to simplifying APIA implementation